Leaders in Commercial Real Estate for Maryland’s Eastern Shore and the Delmarva Peninsula

Downtown Development Continues: Hanna Sells Waterfront Lot

MARCH 2017, SALISBURY, MD – SVN | Miller Commercial Real Estate Advisors Henry Hanna, CCIM, SIOR, Bradley Gillis, CCIM and Joey Gilkerson have collaborated to sell a downtown waterfront lot located at 500 Riverside Drive in Salisbury, MD. The three acre lot fronts on the Wicomico River and its location at a busy intersection makes it an ideal property for commercial development.

Henry Hanna represented the buyer, a local restaurant owner, who has plans to develop the land into a mixed-use building to include a restaurant and additional office/retail space which will be available for lease. Gillis and Gilkerson represented the seller, Devreco.

“Restaurants are the backbone of creating a cultural and art hub in our Downtown,” stated Joey Gilkerson. “We are particularly excited that a user, as opposed to an investor, has purchased this parcel. They want to start building as soon as possible as they can use the real estate immediately.”

For more information about this transaction or to inquire about available properties on the Eastern Shore, email Henry Hanna at henry.hanna@svn.com, Joey Gilkerson at joey.gilkerson@svn.com or call 410-543-2440.

SVN-MILLER COMMERCIAL REAL ESTATE

SVN - Miller Commercial Real Estate, with offices in Salisbury, MD, Bethesda, MD, Easton, MD, Seaford, DE, and Onley, VA is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in the Mid-Atlantic Region. We combine a comprehensive national footprint with local decision making, expertise and market-leading execution. We maintain an unequivocal commitment to our clients and community (#SVNgivesback).

SVN - Miller is an Accredited Management Organization® (AMO). Our team of dedicated professionals with market-leading knowledge includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).